Facebook announces effort to partner with media to promote journalism


Facebook CEO Mark Zuckerberg shared plans to inject millions of dollars into the news business Friday, winning applause and laughs from a crowd of media industry executives and reporters, a sharp contrast to lawmakers who grilled him on the Hill earlier in the week.

The project, “Facebook News,” marks a definitive change in the company’s relationship with an industry that has been buffeted and bruised by the unpredictability of the Facebook algorithm and the social giant’s popularity with advertisers.

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